Critical Spares Management Checklist

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This Template was installed 3 times.

Identification & Prioritization

1 of 7

Focuses on identifying critical spares and assigning appropriate priority levels based on impact of failure.

Define 'Critical Spare' Criteria

Prioritization Method

Estimated Downtime Cost per Hour (if spare fails)

Repair/Replacement Labor Cost (approximate)

Priority Level (e.g., High, Medium, Low)

Failure Impact Areas (select all that apply)

Date of Last Prioritization Review

Inventory Management & Tracking

2 of 7

Covers processes for maintaining accurate inventory levels, location tracking, and usage monitoring.

Current Stock Level

Minimum Stock Level (Reorder Point)

Maximum Stock Level

Last Stock Level Update Date

Location of Spare Part

Notes on Stock Condition (e.g., Packaging, Inspection Results)

Tracking Method

Inventory Record Screenshot (if applicable)

Procurement & Lead Time Management

3 of 7

Addresses sourcing strategies, supplier relationships, and minimizing lead times for critical spares.

Safety Stock Level (Days of Operation)

Preferred Supplier Selection Method

Supplier Performance Metrics & Review Process

Last Supplier Performance Review Date

Supplier Contract Status

Average Lead Time (Days)

Contingency Plan for Lead Time Disruptions (e.g., Second Source)

Storage & Handling

4 of 7

Ensures proper storage conditions and handling procedures to prevent damage or degradation of critical spares.

Storage Environment Type

Temperature (in Celsius)

Humidity Level (%)

Material Handling Equipment Used

Specific Handling Instructions (if any)

Storage Container Type

Photograph of Storage Area (optional)

Obsolescence Management

5 of 7

Deals with identifying and mitigating risks associated with obsolete or soon-to-be-obsolete parts.

Last Obsolescence Risk Assessment Date

Summary of Obsolescence Risk Assessment Findings

Obsolescence Mitigation Strategies Implemented (select all that apply)

Stock Level for Parts Identified as Obsolete/At Risk (minimum)

Obsolescence Monitoring Frequency

Obsolescence Risk Assessment Report (latest)

Details of any current or planned engineering changes to mitigate obsolescence risks.

Method for tracking obsolescence events.

Documentation & Procedures

6 of 7

Covers the documentation required to support the critical spares management program.

Critical Spares Management Procedure Document Exists?

Copy of Critical Spares Management Procedure Document

Describe the process for documenting changes to critical spares requirements.

Document Control System Used?

Document Revision Number

Date of Last Procedure Review

Documented escalation procedures for critical spares shortages or delays?

Performance Monitoring & Review

7 of 7

Focuses on tracking key performance indicators (KPIs) and regularly reviewing the effectiveness of the program.

Percentage of Critical Spares in Stock

Average Lead Time for Critical Spares (Days)

Number of Critical Spares Stockouts in Reporting Period

Overall Health of Critical Spares Program (Assessment)

Summary of Findings & Recommendations from Recent Review

Date of Last Program Review

Were Corrective Actions Implemented Following Previous Review?

Notes on any significant trends observed in critical spares performance.

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